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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:IREN

Iris Energy (IREN) Stock Price, News & Analysis

$5.40
+0.03 (+0.56%)
(As of 03/28/2024 ET)
Today's Range
$5.33
$5.95
50-Day Range
$3.65
$8.30
52-Week Range
$2.70
$9.69
Volume
13.57 million shs
Average Volume
8.85 million shs
Market Capitalization
$360.18 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.00

Iris Energy MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
122.2% Upside
$12.00 Price Target
Short Interest
Healthy
1.10% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.03mentions of Iris Energy in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.01) to $0.88 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.58 out of 5 stars

Oils/Energy Sector

92nd out of 238 stocks

Nondepository Credit Institutions Industry

11th out of 45 stocks

IREN stock logo

About Iris Energy Stock (NASDAQ:IREN)

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

IREN Stock Price History

IREN Stock News Headlines

What Analysts Are Saying About Iris Energy Stock
[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
IREN Mar 2024 6.500 call
[BUY ALERT] Our #1 A.I. Stock for March
It's the one AI stock nobody is talking about. Cathy Wood just bought 11 million shares of it.
IREN Mar 2024 12.500 call
IREN Mar 2024 6.500 put
IREN Mar 2024 8.500 call
IREN Mar 2024 3.500 put
IREN Mar 2024 7.500 put
IREN Mar 2024 14.000 call
IREN Mar 2024 8.000 put
IREN provides 20 EH/s expansion update
IREN Mar 2024 9.000 call
IREN Feb 2024 9.500 put
IREN Feb 2024 10.000 put
Peeling Back The Layers: Exploring Iris Energy Through Analyst Insights
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Today
3/28/2024
Next Earnings (Estimated)
5/16/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:IREN
Fax
N/A
Employees
100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.00
High Stock Price Target
$24.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+122.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$75.51 million
Book Value
$4.58 per share

Miscellaneous

Free Float
52,328,000
Market Cap
$360.18 million
Optionable
Optionable
Beta
3.07
A Guide To High-Short-Interest Stocks Cover

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Key Executives

  • Mr. William Roberts (Age 34)
    Co-Founder, Co-CEO & Director
    Comp: $2.97M
  • Mr. Daniel Roberts (Age 40)
    Co-Founder, Co-CEO & Director
    Comp: $2.97M
  • Ms. Belinda Nucifora (Age 51)
    Chief Financial Officer
    Comp: $533.79k
  • Mr. David Shaw (Age 57)
    Chief Operating Officer
    Comp: $591.7k
  • Ms. Cesilia Kim (Age 49)
    Chief Legal & Risk Officer
    Comp: $475.35k
  • Mr. Denis Skrinnikoff (Age 40)
    Chief Technology Officer?
  • Lincoln Tan
    Senior Manager of Investor Relations
  • Heather Miller
    Vice President of People, Culture & Community
  • Kent Draper
    Chief Commercial Officer
  • Ms. Yvonne Martins
    Group Financial Controller

IREN Stock Analysis - Frequently Asked Questions

Should I buy or sell Iris Energy stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Iris Energy in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IREN shares.
View IREN analyst ratings
or view top-rated stocks.

What is Iris Energy's stock price target for 2024?

6 analysts have issued 12-month price targets for Iris Energy's shares. Their IREN share price targets range from $9.00 to $24.00. On average, they expect the company's stock price to reach $12.00 in the next twelve months. This suggests a possible upside of 122.2% from the stock's current price.
View analysts price targets for IREN
or view top-rated stocks among Wall Street analysts.

How have IREN shares performed in 2024?

Iris Energy's stock was trading at $7.15 at the beginning of the year. Since then, IREN shares have decreased by 24.5% and is now trading at $5.40.
View the best growth stocks for 2024 here
.

Are investors shorting Iris Energy?

Iris Energy saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 1,020,000 shares, a decrease of 58.5% from the February 29th total of 2,460,000 shares. Based on an average daily volume of 8,790,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.1% of the company's stock are short sold.
View Iris Energy's Short Interest
.

When is Iris Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our IREN earnings forecast
.

How were Iris Energy's earnings last quarter?

Iris Energy Limited (NASDAQ:IREN) announced its quarterly earnings data on Thursday, February, 15th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $42.57 million for the quarter, compared to analysts' expectations of $37.58 million.

When did Iris Energy IPO?

Iris Energy (IREN) raised $215 million in an initial public offering on Wednesday, November 17th 2021. The company issued 8,269,231 shares at a price of $25.00-$27.00 per share.

Who are Iris Energy's major shareholders?

Iris Energy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Platinum Investment Management Ltd. (3.79%), Van ECK Associates Corp (2.23%), Vident Advisory LLC (1.85%), Mirae Asset Global Investments Co. Ltd. (1.56%), Exchange Traded Concepts LLC (0.92%) and Quarry LP (0.00%).

How do I buy shares of Iris Energy?

Shares of IREN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:IREN) was last updated on 3/29/2024 by MarketBeat.com Staff

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